Guernsey's economy grows by 1% in 2011

Deputy Gavin St Pier Deputy St Pier said the growth in GDP was relatively good news

There can be no real confidence in Guernsey's economy until Europe issues are resolved, says the island's Treasury and Resources Minister.

Guernsey's economy, as measured by GDP, grew by 1% last year according to the latest States figures.

The minister, Deputy Gavin St Pier, said growth in Guernsey was still vulnerable to external influences.

He said although Guernsey seemed to be bucking trends seen in the UK and Jersey, it was below target.

Deputy St Pier said: "Unfortunately our target for growth is 2% so we are still below that but compared to Jersey and the UK we do seem to be doing a little bit better.

"I suspect that's because the finance sector is a little bit more diversified than people imagine and some parts of it have actually been experiencing growth which has obviously helped the numbers."

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

BBC Guernsey

Weather

Guernsey Airport

10 °C 9 °C

Features

  • The OfficeIn pictures

    Fifty landmark shows from 50 years of BBC Two


  • French luxury Tea House, Mariage Freres display of tea pots Tea for tu

    France falls back in love with tea - but don't expect a British cuppa


  • Worcestershire flagFlying the flag

    Preserving the identities of England's counties


  • Female model's bottom in leopard skin trousers as she walks up the catwalkBum deal

    Why budget buttock ops can be bad for your health


  • Two women in  JohanesburgYour pictures

    Readers' photos on the theme of South Africa


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.